Sec. 8425.202. TAXES FOR BONDS. At the time the district issues bonds payable wholly or partly from ad valorem taxes, the board shall provide for the annual imposition of a continuing direct ad valorem tax, without limit as to rate or amount, while all or part of the bonds are outstanding as required and in the manner provided by Sections 54.601 and 54.602, Water Code.
Added by Acts 2013, 83rd Leg., R.S., Ch. 307 (H.B. 1492), Sec. 1, eff. June 14, 2013.
Section: Previous 8425.005 8425.006 8425.051 8425.052 8425.101 8425.102 8425.103 8425.104 8425.105 8425.151 8425.152 8425.153 8425.154 8425.201 8425.202Last modified: September 28, 2016